PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402636
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402636
The Beating Heart Patch Market is expected to grow from US$ 223.6 Mn in 2023 to US$ 373.4 Mn by 2030, at a CAGR of 7.6%.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 223.6 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 7.60% | 2030 Value Projection: | US$ 373.4 Mn |
A "beating heart patch" typically refers to a bioengineered tissue construct designed to mimic the function of a human heart. This technology is often associated with the field of regenerative medicine and tissue engineering. The goal of creating a beating heart patch is to develop a functional piece of cardiac tissue that can be used to repair or replace damaged or diseased heart tissue in patients.
Beating heart patches are created through tissue engineering techniques. Scientists and engineers work to create a scaffold or matrix that mimics the structure of heart tissue. This scaffold is then seeded with cardiac cells, which can be derived from the patient's own cells (autologous), stem cells, or other sources. The cardiac cells used in the patch can include cardiomyocytes, which are the muscle cells responsible for the heart's pumping action, as well as other cell types that support heart function. Moreover, researchers are exploring new biomaterials that can enhance the structural and functional properties of heart patches. These materials can improve the patch's biocompatibility and mimic the native heart tissue more effectively, thus supporting the market development over the forecasted period.
Increasing geriatric population and rising incidence of vascular diseases are the factors that are expected to drive the growth of the global beating heart patch market over the forecast period. In order to compete in this competitive market, companies are focusing on expanding their product portfolios and indulging in mergers & acquisitions. These strategies are also expected to drive the growth of the beating heart patch market in the future.
However, the high cost of manufacturing a large-scale graft is one of the factors expected to hamper the growth of the global beating heart patch market over the forecast period.
Beating Heart Patch Market Detailed Segmentation: